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Burka [1]
3 years ago
13

The customer service department for a wholesale electronics outlet claims 90% of all customer complaints are resolved to the sat

isfaction of the customer. In order to test this claim, a random sample of 15 customers who have filed complaints is selected. Part A
Let x = the number of sampled customers whose complaints were solved to the customer’s satisfaction. Assuming the claim is true, write the binomial formula for the situation. Part B Use the binomial tables (see Table A.1in the text) to find each of the following if we assume that the claim is tru:
Business
1 answer:
Lorico [155]3 years ago
6 0

Answer:

Kindly check explanation

Explanation:

Given

Probability of success, p = 0.9

Number of trials = sample size, n = 15

q = 1 - p

The binomial formula for this situation is written as :

P(x = x) = nCx * p^x * q^(n-x)

P(x = x) = 15Cx * 0.9^x * (1-0.9)^(15-x)

(1) For ; P(x ≤ 13).

P(x = 0) + p(x = 1) +... + p(x = 13)

Using a calculator :

P(x ≤ 13) = 0.451 (3 decimal place)

(2) For ; P(x > 10).

Using calculator :

P(x > 10) = p(x = 11) + p(x = 12) +... + p(x = 15)

P(x > 10) = 0.9873

(3) For P(x ≥ 14).

Using calculator ;

P(x ≥ 14) = [p(x = 14) + p(x = 15)]

P(x ≥ 14) = 0.5490

(4) P(9 ≤ x ≤ 12).

P(9 ≤ x ≤ 12) = p(x = 9) + p(x = 10) + p(x = 11) + p(x = 12)

P(9 ≤ x ≤ 12) = (0.001939 + 0.01047 + 0.042835 + 0.128505) = 0.1837

(5) For P(x ≤ 9) ;

Using calculator ;

P(x ≤ 9) = p(x = 0) + p(x = 1) +... + p(x = 9)

P(x ≤ 9) = 0.00225

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On August 1, a $39,600, 8%, 3-year installment note payable is issued by a company. The note requires equal payments of principa
marishachu [46]

Answer:

Debit to Notes Payable of $15,366.13

Explanation:

The Notes Payable are debited and Cash is Credited. This is done to show the decrease in the Liability and a decrease in Assets as a result of the repayment.

6 0
3 years ago
zzy Division of Marine Boats Corporation had the following results last year​ (in thousands). Sales $ 4 comma 700 comma 000 Oper
o-na [289]

Answer:

C. $ 168 comma 000

Explanation:

The computation of the residual income is shown below:

= Operating income - minimum return

where,  

Operating income is $600,000

And, the minimum return equal to

= Invested asset amount × minimum rate of return

= $3,600,000 × 12%

= $432,000

Now put these values to the above formula  

So, the value would equal to  

= $600,000 - $432,000

= $168,000

We simply applied the above formula

3 0
3 years ago
Exhibit 4-9 Price of Good X Quantity Demanded Quantity Supplied $10 220 90 11 200 100 12 180 130 13 150 150 14 120 190 15 80 260
Vsevolod [243]

Answer:

The market of good X will experiment a decrease of 50 units in the untis available as will drop to 100 units from 150

Explanation:

Price Qd Qs

10       220 90

<em>11       200 100</em>

12        180  130

<em>13        150 150</em>

14        120 190

15        80 260

At a celling of $11 dollars the people would demand for 200 untis but suppliers will only be willing to produce and sell 100 untis.

The equilibrium price of $13 match for 150 units

Therefore,the decrease will be 50 units

5 0
3 years ago
Suppose the following information was taken from the 2014 financial statements of FedEx Corporation, a major global transportati
nadezda [96]

Answer:

A/R    TO 9.77

Days on Inventory 37

YES As it weight as almost half of the current assets of the company

Explanation:

The financial statement post the current year first and the last year in the secodn column therefore, the second colum is the year 2013 and my calculation will be based on that.

2014 2013

Accounts receivable (gross) $3,697 $4,835

Accounts receivable (net) 3,460 4,187

Allowance for doubtful accounts 237 648

Sales revenue 37,368 39,579

Total current assets 7,254 7,69

\frac{Sales}{Average A/R} = $A/RTurnover

​where:

$$Average A/R=(Beginning A/R+ Ending A/R)/2

Sales 37,368

beginning 4,187

ending 3,460

$$Average A/R=4,187 + 3,460)/2

Avg. A/R   3823.5

\frac{37368}{3823.5} = $Inventory Turnover

A/R    TO 9.77324441

\frac{365}{Inventory TO} = $Avgerage Collection period

\frac{365}{9.77324440957238} = $Avgerage Collection period

Days on Inventory 37

3,460 / 7,254 = 0.4769

5 0
4 years ago
Read 2 more answers
Which of the following is true about an economy’s self-correcting tendency? An economy’s self-correcting tendency always makes a
aniked [119]

Answer:

The more slowly the economy adjusts, the more likely it is that stabilization policy will be useful.

Explanation: Self correcting tendency is a term used to describe the various processes and steps which an economy undergoes as it adjusts itself in order to ensure to start a growth trajectory or sustain a growth path.

The slower the process the better for the economy, as the stabilization process Continue gradually,it will be easy for it to stabilise that growth path and improve along with little adverse impacts of Economic threats.

5 0
3 years ago
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